MDU Resources Group (NYSE:MDU) Sets New 1-Year High at $27.30

Shares of MDU Resources Group, Inc. (NYSE:MDU) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $27.30 and last traded at $27.30, with a volume of 577734 shares changing hands. The stock had previously closed at $25.58.

Analyst Ratings Changes

MDU has been the subject of a number of analyst reports. StockNews.com downgraded MDU Resources Group from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Argus upgraded shares of MDU Resources Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Monday, May 20th.

MDU Resources Group Trading Up 7.2 %

The firm has a market cap of $5.59 billion, a PE ratio of 11.64, a P/E/G ratio of 2.70 and a beta of 0.77. The company’s fifty day moving average price is $25.40 and its two-hundred day moving average price is $24.70. The company has a quick ratio of 1.15, a current ratio of 1.22 and a debt-to-equity ratio of 0.73.

MDU Resources Group (NYSE:MDU) last posted its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.21 by $0.11. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. MDU Resources Group had a return on equity of 11.29% and a net margin of 9.25%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. As a group, sell-side analysts forecast that MDU Resources Group, Inc. will post 1.55 earnings per share for the current fiscal year.

MDU Resources Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Thursday, September 12th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.90%. This is an increase from MDU Resources Group’s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, September 12th. MDU Resources Group’s dividend payout ratio (DPR) is presently 21.37%.

Institutional Trading of MDU Resources Group

Several large investors have recently bought and sold shares of MDU. Atlas Capital Advisors LLC acquired a new position in MDU Resources Group during the second quarter worth about $27,000. TFO Wealth Partners LLC raised its position in shares of MDU Resources Group by 16,070.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,617 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 1,607 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in MDU Resources Group by 23.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,142 shares of the utilities provider’s stock valued at $54,000 after buying an additional 413 shares in the last quarter. Tompkins Financial Corp grew its holdings in MDU Resources Group by 22.2% during the 1st quarter. Tompkins Financial Corp now owns 4,404 shares of the utilities provider’s stock valued at $111,000 after buying an additional 800 shares during the last quarter. Finally, Mendota Financial Group LLC increased its position in MDU Resources Group by 32.9% during the first quarter. Mendota Financial Group LLC now owns 5,920 shares of the utilities provider’s stock worth $149,000 after buying an additional 1,465 shares in the last quarter. Institutional investors and hedge funds own 71.44% of the company’s stock.

About MDU Resources Group

MDU Resources Group, Inc engages in the regulated energy delivery, and construction materials and services businesses in the United States. It operates through four segments: Electric, Natural Gas Distribution, Pipeline, and Construction Services. The Electric segment generates, transmits, and distributes electricity for residential, commercial, industrial, and municipal customers in Montana, North Dakota, South Dakota, and Wyoming; and operates 3,400 miles of transmission lines, 4,800 miles of distribution lines, and 82 transmission and 298 distribution substations.